Speaking at the Enforcement Day event in New Delhi, Adhia said the task force set up by the PMO is monitoring the companies not filing returns every 15 days.
About 8-9 lakh registered companies are not filing annual returns with the ministry of corporate affairs (MCA) and are a potential source of money laundering, revenue secretary Hasmukh Adhia said on Saturday.
“There are 15 lakh registered companies… as many as 8 -9 lakh are not filing annual returns with the corporate affairs ministry. They have become a potential threat for money laundering,” he said.
He said that if companies do not file returns after getting registered with the MCA, then these are used as potential source of money laundering.
“We have given notices to some of them,” he said, adding that the task force co-chaired by him and the MCA secretary is keeping a close watch on them.
According to Adhia, trade-based money laundering is in focus after the Rs 6,000-crore Bank of Baroda case.
In a major crackdown on domestic shell companies, the government had decided in February to take “harsh punitive” action, including freezing of their bank accounts used to launder money or evade taxes.